Home flippers, flopping?

General Business Discussions

Have you noticed a change in the real estate market this year versus last? Are there more homes for sale and less selling? How is this effecting business?

Home flippers' investments flop - Despite slashing his asking price by $55,000 to $285,000 and keeping vigil at sparsely attended open houses for six months, he still has no takers.

If he doesn't sell the four-bedroom home, he'll have to walk away from contracts on two other investment homes ** one in the new Port St. Lucie community where he lives and another in West Palm Beach. If he pulls out of those deals, he's down $80,000.

''I was never much of an investor before this wild craze began, and somehow I backed into it,'' Passarelli said.